By Ahmad Ghaddar, Alex Lawler and Olesya Astakhova LONDON/MOSCOW, Nov 30 (Reuters) – OPEC+ agreed to leave oil output levels unchanged for the first quarter of 2026 at its meetings on Sunday as the group slows down its push to regain market share amid fears of a looming supply glut. The meeting of OPEC+, which …
OPEC+ holds oil output steady, agrees capacity mechanism Read More »
By Lewis Krauskopf NEW YORK, Nov 28 (Reuters) – Investors will look in the coming week for signals about profitability for artificial intelligence companies, as well as the broader economy’s health, to steady the U.S. equity market. Stocks rebounded this week from their biggest pullback since April, helped by a firming conviction that the U.S. …
Investors on watch for AI, economic updates as US stocks steady Read More »
By Chandni Shah and Siddharth Cavale Nov 29 (Reuters) – AI-powered shopping tools helped drive a surge in U.S. online spending on Black Friday, as shoppers bypassed crowded stores and turned to chatbots to compare prices and secure discounts amid concerns about tariff-driven price hikes. U.S. shoppers spent a record $11.8 billion online, up 9.1% …
AI helps drive record $11.8 billion in Black Friday online spending Read More »
By Amanda Cooper, Ankur Banerjee and Tom Westbrook SINGAPORE/LONDON (Reuters) -Global futures markets were disrupted for several hours on Friday after CME Group, the world’s largest exchange operator, suffered one of its longest outages in years, halting trading across stocks, bonds, commodities and currencies. By 1335 GMT, trading in foreign exchange, stock and bond futures, …
Global futures reopen after exchange operator CME suffers multi-hour disruption Read More »
By Jessica DiNapoli, Rich McKay and Siddharth Cavale NEW YORK/ATLANTA (Reuters) -Bargain-hunting Americans clicked their way through Thanksgiving, spending $8.6 billion online so far on Black Friday, as more consumers turned to laptops and phones instead of braving brisk weather to snap up deals over the crucial shopping weekend. Adobe Analytics, which vets e-commerce transactions …
Black Friday consumers go online, rather than stand in line Read More »
(Reuters) -U.S. shoppers spent $8.6 billion online on Black Friday, an Adobe Analytics report showed, as more consumers turned to laptops and phones instead of braving brisk weather to snap up deals during the holiday shopping weekend. Online spending rose 9.4% through 6:30 p.m. ET (1130 GMT) on Black Friday compared with last year, according …
US Black Friday online sales hit $8.6 billion, says Adobe Analytics Read More »
By Dietrich Knauth NEW YORK (Reuters) -Yellow Corp has reached settlements with 14 pension plans that had sought over $7.4 billion from the bankrupt trucking company. The pension plans agreed to take a reduced payment, which will end years of litigation over claims that Yellow cannot afford to pay and allow Yellow’s junior creditors to …
Bankrupt Yellow settles with pensions that sought billions Read More »
By Sabrina Valle and Pranav Kashyap (Reuters) -U.S. stocks climbed on Friday in thin trading volume during a shortened session after Thanksgiving, driven by gains in retail and a recovery in tech stocks. Expectations for a Federal Reserve rate cut in December strengthened throughout the week, helping underpin sentiment across equity markets. The Dow Jones …
Wall Street edges higher in thin post-holiday trade Read More »
By Stephen Culp NEW YORK (Reuters) -U.S. stocks ended higher in a truncated, post-holiday session on Friday that was complicated by an outage at an exchange operator as investors closed the book on a tumultuous month and kicked off the holiday shopping season. The three major U.S. stock indexes made modest advances on the day, …
S&P 500 notches weekly, monthly gains; Treasury yields advance Read More »
By Chandni Shah (Reuters) -The Starbucks workers’ union said on Friday it has expanded its indefinite strike demanding better pay and staffing to more than 120 stores from 65, while the coffee chain said the strike has had no major impact on its operations. The walkout, set to be the longest strike in the history …
Starbucks workers’ union expands strike to more stores on Black Friday Read More »
